Tax Demand: Latest News and Updates, Top Stories, Videos, Photos About Tax Demand

United Breweries Confronts Over Rs 263 Crore Tax Demand from Maharashtra GST

United Breweries Ltd receives a hefty tax demand of Rs 263.70 crore from Maharashtra's GST Department, including penalties and interest for FY 2019-20....

Infosys Contemplates Appeal Against Rs 341 Crore Tax Demand for 2020-21

Infosys has been issued a Rs 341 crore tax demand for the assessment year 2020-21, considering an appeal against the Income Tax Department's order....

Infosys to Receive a Hefty Rs 6,329 Crore Tax Refund from I-T Department

Infosys is set to receive a substantial tax refund of Rs 6,329 crore from the Income Tax Department, alongside facing tax demands....

InterGlobe Aviation Receives Rs 1,666 Crore Tax Demand; Vows Legal Challenge

In a recent development, InterGlobe Aviation, the parent company of India's largest airline, IndiGo, disclosed on Wednesday that it has received a substantial tax demand totalling Rs 1,666 crore from the Commissioner of Income Tax Appeals. The orders, dated November 21, ...

Telecom Operators May Face Retrospective Tax Demand

The income tax department may raise demand on a retrospective basis from telecom operators following a Supreme Court order, which classified licence fees paid by service providers as capital expenditure rather than a revenue expenditure....

IT Officers Can't Adjust Your Refund Against Tax Demand Without Valid Notice

Income tax officers as per the Income Tax Act are required to send a valid notice in lieu of the outstanding tax demand to the respective taxpayer. This said IT officials are not authorized to make any adjustments against tax demand ...

Banks Served With Tax Demand Over Rs. 15000 Crore On Free Services

As many as 19 banks have been asked to pay over Rs. 15000 crore tax on free services rendered to customers maintaining minimum account balance. This has come even as the government earlier clarified that such services do not arise tax ...

Tribunal stays tax demand on Vodafone

The Income Tax Appellate Tribunal (ITAT), on Friday, stayed a Rs.3,700-crore tax claim by the I-T Department on Vodafone India in a transfer-pricing dispute, and asked the telecom company to deposit Rs.200 crore as initial payment and submit bank guarantees for ...

Tax demands to Nokia may cross Rs 10,000 crore

New Delhi: The Income Tax department may raise a total demand of over Rs 10,000 crore against Finnish mobile firm maker Nokia which is embroiled in an alleged tax evasion case ahead of its global takeover by software giant Microsoft. ...

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